Oil Forecast: Potential Price Boost Ahead
Last Friday oil bulls took the lead, boosting the oil prices above the level of 80. Oil is likely to rise even more and face resistance at the level of 87 soon. So, let’s observe what will happen.
Gold remains at the psychological level of 20000, testing it from different directions. Should gold rebound from the level of 20000 and undergo correction, the asset’s price might pull from the uptrend formed on the daily chart. In this case, you could consider following the price movements next to the uptrend to estimate the future trend.
Bitcoin rebounded from the resistance area formed between the levels 30000 and 31000. The price of Bitcoin should retest this area soon; therefore, the asset is likely to undergo correction, drop and gain the required support at the level of 25300.
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